NuScale Power Corporation (SMR) shares rallied 11.3% in the last trading session to close at $10.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.7% gain over the past four weeks. NuScale is benefiting from increasing electricity demand and strong bipartisan support for advanced nuclear energy solutions, positioning itself as a key player in the transition to decarbonized baseload power. This company is ...

NuScale is working its way toward selling small-scale modular-nuclear reactors one step at a time. NuScale Power (SMR 11.34%) is looking to mass produce small-scale modular-nuclear reactors. It would be a major step forward for nuclear power to have such a product. But building any nuclear power plant, large or small, is a complex task and highly regulated by the government. NuScale's next big hurdle on the way to the finish line will come in mid-2025. NuScale Power operates in a difficult industry The name ...

NuScale Power is looking to build the next generation of nuclear power plants. It has achieved a lot so far, but there's still a lot to do. NuScale Power (SMR 12.17%) is at the leading edge of the nuclear power sector. It is doing great things and making important progress toward its goal of mass-producing small-scale modular nuclear reactors. In a world increasingly looking toward carbon-free energy sources, it is positioning itself well for a bright future. But it won't be a good fit for every investor. H ...

NuScale Power's technology has the potential to make nuclear power more affordable and flexible, but there are some things you'll want to consider before buying it today. Energy demand is set to explode over the next few decades, driven by growing populations, developing emerging market economies, and the widespread integration of artificial intelligence. In response to carbon reduction goals, companies are undertaking intriguing projects to address the escalating energy demand. Small modular reactors (SMRs ...

NuScale stock might earn a profit in 2028. Can you wait that long? Shares of NuScale Power Corporation (SMR 11.53%) surged 8% through 10:20 a.m. ET Friday after investment bank CLSA initiated coverage of the stock with an "outperform" (i.e., buy) rating and an $11 price target on the $9 stock. If CLSA's right about that, NuScale investors stand to earn 18% profits over the next year -- on top of today's gain. What CLSA said about SMR And yet, if CLSA is optimistic about NuScale stock, it has a funny way of ...

NuScale Power (SMR) shares have plunged 20.3% in the past month, underperforming the Zacks Computer & Technology sector's growth of 0.3% and the Zacks Electronics- Power Generation industry's fall of 5.7%. The underperformance in SMR shares can be attributed to modest top-line growth expectations in 2024. It reported unimpressive second-quarter 2024 results, with revenues of $1 million and a loss of $74.4 million. This was lower than the year-ago quarter's revenues of $5.8 million and widened from a net los ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ ______________________ FORM 10-Q ______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission file number 001-04321 NUSCALE POWER CORPORATION ( ...

NuScale stock needs cash for fuel. Shares of NuScale Power (SMR 6.89%) tumbled more than 8% in early trading Friday after missing badly on both sales and earnings in its second-quarter financial update last night -- that's the bad news. The good news for investors in NuScale is that as the morning wears on, NuScale stock has turned around and is already back in the green, and up 4.4% as of 10:20 a.m. ET. NuScale's Q2 earnings Low expectations may lie behind the turnaround. Heading into earnings, analysts on ...

NuScale Power Corporation (NYSE:SMR) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Corporate Participants Scott Kozak - Director, Investor Relations John Hopkins - President and Chief Executive Officer Ramsey Hamady - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Marc Bianchi - TD Cowen Ryan Pfingst - B. Riley Securities Operator Good afternoon and welcome to NuScale's Second Quarter 2024 Earnings Results Conference Call. Today's call is being record ...

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -138.46%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.21, delivering no surprise. Over the last four quarters, the company has not ...